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W&T Offshore Declares Dividend on Common Stock

HOUSTON, Oct. 11 /PRNewswire-FirstCall/ -- W&T Offshore, Inc. (NYSE: WTI) announced today that its Board of Directors declared a regular cash dividend of $0.03 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on November 1, 2006 to shareholders of record on October 22, 2006.

About W&T Offshore

Founded in 1983, W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico, including exploration in the deepwater, where it has developed significant technical expertise. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over 200 fields in federal and state waters and a majority of its daily production is derived from wells it operates. For more information on W&T Offshore, please visit its Web site at http://www.wtoffshore.com .

     Contacts:
     Manuel Mondragon, Assistant Vice President of Finance
     investorrelations@wtoffshore.com
     713-297-8024

     Ken Dennard  / ksdennard@drg-e.com
     Lisa Elliott / lelliott@drg-e.com
     DRG&E / 713-529-6600
SOURCE  W&T Offshore, Inc.
    -0-                             10/11/2006
    /CONTACT:  Manuel Mondragon, Assistant Vice President of Finance of W&T
Offshore, Inc., +1-713-297-8024, or investorrelations@wtoffshore.com ; or Ken
Dennard, ksdennard@drg-e.com , or Lisa Elliott, lelliott@drg-e.com , both of
DRG&E, +1-713-529-6600, for W&T Offshore, Inc./
    /Web site:  http://www.wtoffshore.com /
    (WTI)

CO:  W&T Offshore, Inc.
ST:  Texas
IN:  OIL
SU:  DIV

AW-CT
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6727 10/11/2006 17:15 EDT http://www.prnewswire.com